Hector Valez owns 5,501 shares of the Piston Corporation. There are 16 seats on the...
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Accounting
Hector Valez owns shares of the Piston Corporation. There are seats on the company board of directors, and the company has a total of shares of stock outstanding. The Piston Corporation utilizes cumulative voting. All seats are up for election next week.
How many directors can Mr Valez elect to the board?
Note: Do not round intermediate calculations. Round down your answer to the nearest whole number.
Can Mr Valez elect himself to the board next week?
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Yes
No
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